ZS has been showing some impressive relative strength lately due to it's impressive bounce from the low. Despite the large retracement, ZS has been in a state of sideways consolidation and formed a symmetric triangle on the 30m timeframe. This triangle is also forming right below the 52 week highs. If ZS breaks out, the impending move could be powerful.
Entry - 64.90 Stop Loss - 63.65 Target - 75
Comment
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ZS hit resistance hard at 66.75 and got stopped out. Looks like stop loss was too tight. ZS is forming an Ascending triangle which is typically a more powerful breakout pattern. Will revisit this later.